The Give to Enable Support Act establishes a new program designed to provide financial assistance to individuals with disabilities through the creation of the Give to Enable Support Cash Fund. This fund, administered by the State Treasurer, will accept contributions from private individuals and entities, with the program set to commence on January 1, 2026. Qualified individuals with disabilities will be able to apply for accounts to cover their qualified disability expenses, with the State Treasurer overseeing the application process and account establishment.

Additionally, the bill amends section 77-2716 of the Revised Statutes Cumulative Supplement, 2024, to allow contributions to the Give to Enable Support Cash Fund to be deducted from federal adjusted gross income, alongside existing provisions for educational savings plans. This amendment aims to incentivize contributions to the fund while streamlining the legal framework surrounding tax adjustments related to the new support program. The bill also includes various tax code amendments, such as exclusions for social security benefits, military retirement benefits, and other specific income categories, while repealing the original section of the law it amends.

Statutes affected:
Introduced: 77-2716
Final Reading: 77-2716
Slip Law: 77-2716